That looks like great support to me...
Many touches and support at this price from last consolidation, always wait for confirmation and then attack.
We can see the daily MACD giving us a good entry after this consolidation over the support line, last time price was at this levels and the MACD gave us this signal ADA when nuts doing over 180% in 40 days.
We always try to look for the trap in our own analysis, as we had a fakeout MACD signal last october, and, although it wasn't at the same levels or resistance, it might be our bear signal if it develops the same.
You can start DCA'ing from this resistance or wait for confirmation if breaks from this reversal pattern
"Don't trade withouth an strategy"
We can see the daily MACD giving us a good entry after this consolidation over the support line, last time price was at this levels and the MACD gave us this signal ADA when nuts doing over 180% in 40 days.
We always try to look for the trap in our own analysis, as we had a fakeout MACD signal last october, and, although it wasn't at the same levels or resistance, it might be our bear signal if it develops the same.
You can start DCA'ing from this resistance or wait for confirmation if breaks from this reversal pattern
"Don't trade withouth an strategy"
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